A report by the Director of Law, HR and Asset Management provided details of the terms provisionally agreed for the lease to the Council of a purpose built Sailing School building constructed as part of the Marine Point Development adjoining New Brighton Marine Lake; the terms agreed for a sub under lease of the building to an appropriate operator and updated on the continuing discussions that were taking place with Neptune Developments Ltd to finalise terms.

Reference was made to the big Pirate Day held in New Brighton on 17 June 2012. This had been a very successful event. Members agreed that ideas from the operators on how to attract similar events all year round were required. Members asked that the new Operators be requested to look at the area at the end of the lake as it was clogged up with sand, litter and debris.

In response to Members comments it was agreed that the above matters would be raised with the operator.

RESOLVED:  That

(1)   the Director of Law, HR and Asset Management be authorised to negotiate and agree in consultation with the Cabinet Portfolio Holder the terms of the underlease from Neptune Developments Ltd and the sub underlease to Peak Pursuits Ltd on the most advantageous terms to the Council;  and

(2)  the Director of Law, HR and Asset Management be authorised to execute all relevant legal documents to give effect to the establishment of a new sailing school at Marine Point, New Brighton on the basis of the terms outlined in this report and in pursuance of (1) above;

(3)  In response to members comments, the Head of Asset Management be requested to raise the issues of the requirement to attract similar events all year round, such as the big Pirate Day which was held in New Brighton on 17 June 2012 which had proved a very successful event; and ask that the new Operators be requested to look at the area at the end of the lake as it was clogged up with sand, litter and debris.